The Board of Directors of the Company, in their meeting held today, inter alia considered and approved the increase in Authorised Share Capital of the Company from the existing Authorised Share Capital of Rs. 30,00,00,000/- (Rupees Thirty Crores Only) divided into 3,00,00,000 (Three Crores) Equity Shares of Rs. 10/- (Rupees Ten Only) each to Rs. 40,00,00,000/- (Rupees Fourty Crores Only) divided into 4,00,00,000 (Four Crore) Equity Shares of Rs. 10/- (Rupees Ten Only) each and Consequential Alteration in the Capital Clause of the Memorandum of Association, subject to shareholders' approval through AGM. The meeting Commenced at 04.00 P.M. and concluded on 04.30 P.M.